Ulster Bank Capital Markets Wins Prestigious European Award

21st November 2007

Ulster Bank Capital Markets has won a prestigious European Award at the third Annual Structured Products European Awards 2007 held in The Park Lane Sheraton, London. The Awards are organised by Structured Products Magazine and aim to highlight excellence and superior performance as well as recognising innovation in the manufacture and distribution of derivatives-based investment products across Europe. Ulster Bank's Structured Investor Team has been awarded the accolade, Best in Ireland Award.

Ulster Bank Capital Markets is part of the Corporate Markets Division which operates from a new state-of-the-art dealing room in George's Quay, Dublin. The team provides world class treasury solutions and structured financial products to all the Bank's customers, from small to medium size enterprises to multi-nationals and from individuals to institutional clients. As part of the RBS Group, Ulster Bank boasts an unbeatable combination of international financial strength and expertise with a responsive local service.

David Kiely, Head of Treasury & Investor Solutions, Ulster Bank said; "We are delighted to receive this award; it follows a very successful year for the Capital Markets division and indeed the bank as a whole which was crowned the KPMG Business Bank of the Year for the third consecutive year."

He added; "This is an exciting time for business and above all this award highlights that with the combined strength of our people and our offering we have a solid foundation to deliver excellence to all our clients."